[bimmer pleaser V2]

I heard that some firm had shorted like 120% of GME shares... can someone please explain how that's possible? My understanding is that, simply speaking, shorting is basically signing a contract to buy certain stocks at some time in future, and present$ minus future$ is the profit. How can you buy more shares than it is available?

[vreihen16]

Borrowing someone else's borrowed shares?????

[Cyberdemon]

Robinhood just set an alert this morning no more buying of GME/NOK/BB/AMC and any of these other high shorted stocks. So either this is another push to rig the game or there's no shares left for them to sell.

If people can't buy the stock may cause a big rift. The Premarket swings are so ridiculous it's hard to say what will happen once the market opens. Seems like another technique to force panic.

[TheFanatic]

I've never seen anything as crazy as whats going on with GME.

[Cyberdemon]

Originally Posted by TheFanatic

I've never seen anything as crazy as whats going on with GME.

The game is rigged. If the acts of big tech, the mainstream media, these hedge funds and everything else doesn't make that evident to the broader public it's pretty insane.

Even these tech companies remember they are bankrolled by VC's who are part of that community and have to remember where their funding came from.

[vreihen16]

It looks like GME was halted again at 9:31 AM, $300.16. Neither of my live quote sources have moved in 5 minutes now.

There are forces beyond WSB in play now.....

[TheFanatic]

Originally Posted by Cyberdemon

The game is rigged. If the acts of big tech, the mainstream media, these hedge funds and everything else doesn't make that evident to the broader public it's pretty insane.

Even these tech companies remember they are bankrolled by VC's who are part of that community and have to remember where their funding came from.

when hedge funds and big banks can do it to the point of tanking the entire economy in 2008 get bailed out just to do it again it's ok. When the little man does it and screws them out of billions instead of them screwing us out of billions suddenly its illegal and needs to be stopped.

let it ride I say, I have no sympathy for people who made billions off of the market crash they caused

[bimmer pleaser V2]

Originally Posted by Cyberdemon

Robinhood just set an alert this morning no more buying of GME/NOK/BB/AMC and any of these other high shorted stocks. So either this is another push to rig the game or there's no shares left for them to sell.

If people can't buy the stock may cause a big rift. The Premarket swings are so ridiculous it's hard to say what will happen once the market opens. Seems like another technique to force panic.

What do you mean " no shares left to sell"? This does not make any sense. Stock market is just an auction for stocks. All shares are sold-out at all times. The price trajectory is just proportional to the gradient of "buyers minus sellers" function. If no one wants to sell prices just keep shooting up until someone is willing to cash in.

[TheFanatic]

I'm just kicking myself cause I missed this by 2 days. Next time

[longm1985]

I'm very much not a fan of the fact that Robinhood stopped trading on GME, NOK, and a few others. Shows their true colors. I'm planning on moving my business to Fidelity if they don't pull that crap.

[spazzyfry123]

Originally Posted by longm1985

I'm very much not a fan of the fact that Robinhood stopped trading on GME, NOK, and a few others. Shows their true colors. I'm planning on moving my business to Fidelity if they don't pull that crap.

I'm not convinced Robinhood has the nuts to stand up to exterior pressure.

Really concerned what this whole mess will do for average accessibility to the markets going forward. This was an FU to the Wall Street gurus showing what they can do and we're seeing "retaliation" to a degree. Trading platforms feeling the squeeze of bigger hands and caving is a sign of things to come methinks.

This experiment will clearly have some ripple effects down the line. We've already got people crying for free speech over this as an example of how indirect some of the effects are. Going to be interesting to see the shockwave.

[Joekerr]

I admit I just joined wallstreetbets just because this stuff is interesting. I've never before seen it, and I'm curious as to the ramifications it could have long term. If you have 2M+ buyers all getting together and pumping a stock....hmmm, it could really change the way the market operates, and Wall Street as well.

Very interesting.

[vreihen16]

GME is below $200, and it looks like there are market circuit breakers halting the selloff every few minutes now.

Call it proof that the shorts have deeper pockets than WSB, and now will recover their losses as GameStop turns into GameFLOP today.....

[longm1985]

Pulled my money out of Robinhood. This all reeks of some sort of SEC violations. I don't know enough to say for sure, but RH sus.

[premier3is]

Originally Posted by bimmer pleaser V2

I heard that some firm had shorted like 120% of GME shares... can someone please explain how that's possible? My understanding is that, simply speaking, shorting is basically signing a contract to buy certain stocks at some time in future, and present$ minus future$ is the profit. How can you buy more shares than it is available?

Basically the borrower let's someone else borrow

[BigNorm4Life]

Does Wall Street really want to piss off the New Democrat government... lol next week is going to be gold

[premier3is]

This has to be the dirtiest market manipulation blatantly in favor of the hedge fund pigs I have ever seen. How can you restrict BUYING shares in a company, but no restrictions on Selling what you have? And CNBC mouths are shut today like a bunch of pussies. I'm calling it that robinhood will lose millions of users overnight. Fuck Wall Street

[bimmer pleaser V2]

Originally Posted by vreihen16

GME is below $200, and it looks like there are market circuit breakers halting the selloff every few minutes now.

Call it proof that the shorts have deeper pockets than WSB, and now will recover their losses as GameStop turns into GameFLOP today.....

That was a crazy ride and I am glad I was not a part of it, too chicken for this nonsense. But I am glad that for once the little man won.

Short selling is not all bad; it is a common sense tool investors use to hedge against potential fall in their investments. But it also gets abused by crooked speculators who ruthlessly go after a stock to crash it down for their profits.

[TboneS54]

The little guy is waking up. Big pharma, tech and finance can't have that now...

[TheFanatic]

Originally Posted by TboneS54

The little guy is waking up. Big pharma, tech and finance can't have that now...

We're on the edge of a new age in stock trading. Wall street will be investing and lobbying heavily to prevent the little man from beating them at their own game again.

[XKxRome0ox]

utter bs
i kept asking on the forums ... what are some things the big money might do to screw us over involving GME?

i saw discussion about putting up an option "price wall" by placing so many calls and puts on both sides of a price point
a tactic employed by Gabriel Plotkin, one of the head guys at Melvin Capital
we can deal with that

We already saw the BS media coverage
we can weather it

We saw outages at several platforms
just hold on

but this??
restricting trades, delisting tickers
hedge funds selling back and forth to each other to create a price dive to cause panic selling
how can we fight when the deck is so stacked against us?

if you have any positions, hold through the weekend
i think we can still survive this and come out ahead

[Cyberdemon]

Originally Posted by vreihen16

GME is below $200, and it looks like there are market circuit breakers halting the selloff every few minutes now.

Call it proof that the shorts have deeper pockets than WSB, and now will recover their losses as GameStop turns into GameFLOP today.....

Not so fast, if you look at the trade volumes around the big selloff the volume was super low. That means a small volume of people were either panicking or a big fund was giving away stock to drive the price down and induce a panic.

As soon as the bottom hit people started buying back in in much higher volume. That tells you that the demand to buy the stock is still there even though the circuit breaker keeps tripping.

Robinhood cutting off trading is kind of nuts. But they have $2.2B in VC funding and I'm sure some of those billionaires got phone calls from their friends to push their influence.